OOO Bakcharneftegaz Refinery engages in oil and gas prospecting, and developing oil fields in the Russian Federation. It extracts minerals and other mineral resources, and energy carriers. The company supplies oil to various companies in Germany. It owns oil-producing complexes, oil refineries, and gas processing plants.

OOO Bakcharneftegaz Refinery owns and operates four fields in both Tomsk and Barents Sea and engages in geologic exploration and development of oil and gas fields

OOO Bakcharneftegaz Refinery engages in fuel option oil refining. The company produces various petroleum products and petrochemicals, such as gasoline, jet fuel, diesel fuel, fuel oils, bitumen’s, and solvents for varnish and paint etc. It also produces crude oil and natural gas; and lubricants. In addition, the company maintains an active presence in natural gas/crude oil fixed for floating swaps, basis, options, and other pricing benchmarks. It serves Russian and international markets.